​​A.I. chipmaker Nvidia (NVDA)’s share price topped $1,000 for the first time after it reported estimate-beating financial result for the fiscal quarter ended April 30 yesterday (May 22), signaling continuing momentum CEO Jensen Huang attributed to accelerating demand for A.I. processors. “Beyond cloud service providers, generative A.I. has expanded to consumer internet companies, and enterprise, sovereign A.I., automotive and healthcare customers, creating multiple multibillion-dollar vertical markets,” Huang said in a statement. He anticipates much of the revenue to come this year will be attributed to its next-generation A.I. graphics processing unit (GPU), Blackwell, which is in full production.

Thank you for signing up!

By clicking submit, you agree to our terms of service and acknowledge we may use........

© Observer